Financial markets and institutions, 5th ed.

• Main Author: Anthony Saunders, Marcia Millon Cornett.
• Format: Book
• Language: English
• Published: The McGraw-Hill/Irwin 2020
• Subjects: 1. Securities—United States. 2. Stock exchanges—United States. 3. Financial institutions— United States. 4. Rate of return—United States. 5. Interest rates—United States.
• Online Access: http://dspace.uniten.edu.my/jspui/handle/123456789/18282

The concept of time value of money. Chapter 3 then applies these interest rates to security valuation. In Chapter 4 , we describe the Federal Reserve System and how monetary policy implemented by the Federal Reserve affects interest rates and, ultimately, the overall economy.